NORFOLK,
Va., July 25, 2024 /PRNewswire/ -- Industrial
Realty Group, LLC, one of the country's largest owners of
commercial and industrial properties, announced it has acquired a
298,126 square foot warehouse facility at 3321 Princess Anne Road
in Norfolk, VA. Stephanie Sanker, CCIM, SIOR, Senior Vice
President and Partner, S.L. Nusbaum Realty Co. facilitated the
transaction.
"We are excited to continue to grow our portfolio in the
Norfolk market," said Stuart Lichter, President of Industrial Realty
Group. "The property is extremely well-positioned within the Port
of Virginia area, which supports
our tenants' needs."
Norfolk International Terminals, Virginia International Gateway,
and the Newport News Marine Terminal are within 23 miles of
the project. In addition, the recently renovated site lies within
an Enterprise Zone and has access to heavy power.
LION Power and Beckett Corporation are currently occupying the
premises, with 193,792 square feet still available. S.L. Nusbaum
Realty Co. will provide leasing services for the remaining space.
For additional information, please contact: Stephanie Sanker, CCIM, SIOR, 757.640.2290,
ssanker@slnusbaum.com.
IRG also owns additional projects in the area including
build-to-suit developments in Suffolk and Portsmouth for tenant, Unis, which were
recently completed. Also in Suffolk, another IRG build-to-suit project for
RoadOne is nearing completion.
About IRG
IRG is a nationwide real estate development
and investment firm specializing in the acquisition, development
and management of commercial and industrial real estate throughout
the United States. IRG, through its affiliated partnerships
and limited liability companies, operates a portfolio containing
over 150 properties in 28 states with over 100 million square feet
of rentable space. IRG is nationally recognized as a leading force
behind the adaptive reuse of commercial and industrial real estate,
solving some of America's most difficult real estate challenges.
Learn more at www.industrialrealtygroup.com.
About S.L. Nusbaum Realty Co.
Headquartered in
Norfolk, VA, S.L. Nusbaum Realty
Co. has been a market leader in the commercial real estate industry
since 1906. Services include commercial sales and leasing advisory
and representation, commercial and multifamily property management,
development, and a full range of financial services across all
product lines throughout the Southeast and Mid-Atlantic. Find out
more by visiting: www.slnusbaum.com.
For more information, contact:
Lauren Crumrine, Director of
Marketing
Industrial Realty Group, LLC
614-562-9252
lcrumrine@industrialrealtygroup.com
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SOURCE Industrial Realty Group, LLC